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SOMRS

State of Michigan Retirement System Portfolio holdings

AUM $22.6B
1-Year Est. Return 40.24%
This Fund
S&P 500
This Quarter Est. Return
+9.1%
1 Year Est. Return
+40.24%
3 Year Est. Return
+127.54%
5 Year Est. Return
+152.65%
10 Year Est. Return
+534.6%
AUM
$16.2B
AUM Growth
+$993M
Cap. Flow
-$130M
Cap. Flow %
-0.8%
Top 10 Hldgs %
33.54%
Holding
990
New
22
Increased
267
Reduced
593
Closed
21

Top Buys

Rank Stock Value
1
NVDA icon
NVIDIA
NVDA
+$34.8M
2
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$31.1M
3
MBB icon
iShares MBS ETF
MBB
+$29.6M
4
MSFT icon
Microsoft
MSFT
+$28.5M
5
T icon
AT&T
T
+$20.2M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$60.3M
2
GLOB icon
Globant
GLOB
+$33.7M
3
EXAS
Exact Sciences
EXAS
+$31.6M
4
ANET icon
Arista Networks
ANET
+$31.2M
5
QUAL icon
iShares MSCI USA Quality Factor ETF
QUAL
+$27.3M

Sector Composition

Rank Sector Weight
1 Technology 24.5%
2 Financials 11.19%
3 Healthcare 10.98%
4 Communication Services 8.9%
5 Consumer Discretionary 8.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MTD icon
301
Mettler-Toledo International
MTD
$28.6B
$8M 0.05%
6,096
– –
EFX icon
302
Equifax
EFX
$21.4B
$7.92M 0.05%
33,678
– –
ALL icon
303
Allstate
ALL
$67.5B
$7.88M 0.05%
72,289
+100
+0.1% +$11.3K
AMRS
304
DELISTED
Amyris Inc.
AMRS
$7.87M 0.05%
7,645,000
– –
MLM icon
305
Martin Marietta Materials
MLM
$33B
$7.87M 0.05%
17,037
– –
PLTR icon
306
Palantir
PLTR
$413B
$7.86M 0.05%
513,000
– –
ANSS
307
DELISTED
Ansys
ANSS
$7.86M 0.05%
23,811
-100
-0.4% -$31.7K
PWR icon
308
Quanta Services
PWR
$101B
$7.85M 0.05%
39,948
+700
+2% +$122K
TSCO icon
309
Tractor Supply
TSCO
$18B
$7.84M 0.05%
177,335
+12,500
+8% +$573K
AVB icon
310
AvalonBay Communities
AVB
$26.8B
$7.82M 0.05%
41,311
+900
+2% +$161K
ULTA icon
311
Ulta Beauty
ULTA
$24.3B
$7.79M 0.05%
16,553
+1,300
+9% +$637K
ACGL icon
312
Arch Capital
ACGL
$33.6B
$7.66M 0.05%
102,400
+800
+0.8% +$57.8K
WEC icon
313
WEC Energy
WEC
$35.1B
$7.66M 0.05%
86,784
+200
+0.2% +$18.5K
AWK icon
314
American Water Works
AWK
$26.9B
$7.64M 0.05%
53,497
+500
+0.9% +$73.4K
IT icon
315
Gartner
IT
$11.7B
$7.62M 0.05%
21,747
– –
OKE icon
316
Oneok
OKE
$54.5B
$7.6M 0.05%
123,081
+300
+0.2% +$18.6K
APTV icon
317
Aptiv
APTV
$10.3B
$7.59M 0.05%
74,349
-100
-0.1% -$9.89K
PHM icon
318
Pultegroup
PHM
$25.3B
$7.49M 0.05%
96,469
-500
-0.5% -$33.9K
TROW icon
319
T. Rowe Price
TROW
$24.3B
$7.42M 0.05%
66,213
-8,800
-12% -$963K
XYL icon
320
Xylem
XYL
$28.1B
$7.41M 0.05%
65,775
+16,300
+33% +$1.72M
CTRA
321
DELISTED
Coterra Energy
CTRA
$7.39M 0.05%
291,959
+1,800
+0.6% +$44.8K
STT icon
322
State Street
STT
$50.7B
$7.36M 0.05%
100,528
-3,600
-3% -$259K
EIX icon
323
Edison International
EIX
$26.4B
$7.31M 0.05%
105,312
+400
+0.4% +$28.1K
WBA
324
DELISTED
Walgreens Boots Alliance
WBA
$7.3M 0.05%
256,100
+4,100
+2% +$134K
FTV icon
325
Fortive
FTV
$18.6B
$7.27M 0.04%
129,064
+531
+0.4% +$26.8K
11 12
13
14 15

Similar funds

FAM
Fred Alger Management New York $22.8B AUM 64.63% 1-Year Est. Return
BA
Bridgewater Associates Westport, Connecticut $22.4B AUM 34.48% 1-Year Est. Return
Tiger Global Management
Tiger Global Management New York $22.8B AUM 30.07% 1-Year Est. Return
AM
AGF Management Toronto, Ontario, Canada $22.3B AUM 46.42% 1-Year Est. Return
Capital Fund Management (CFM)
Capital Fund Management (CFM) Paris, France $22.1B AUM 20.49% 1-Year Est. Return
CAM
Cresset Asset Management Chicago, Illinois $23.1B AUM 27.04% 1-Year Est. Return
Luther King Capital Management (LKCM)
Luther King Capital Management (LKCM) Fort Worth, Texas $23.1B AUM 21.31% 1-Year Est. Return
DSA
Davis Selected Advisers Tucson, Arizona $21.8B AUM 23.45% 1-Year Est. Return

State of Michigan Retirement System's Q2 2023 Portfolio in Review

As of Q2 2023, State of Michigan Retirement System held 990 positions worth $16.2B, up 6.5% from $15.2B the previous quarter. Its ten largest holdings account for 34% of the portfolio.

Trading was light in Q2 2023: portfolio turnover was 4.3%. State of Michigan Retirement System opened 22 new positions and exited 21, leaving the 990-position portfolio largely intact.

By sector, the portfolio is most concentrated in Technology at 25% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.

  • State of Michigan Retirement System's largest Q2 2023 buy was iShares 20+ Year Treasury Bond ETF: 300,000 shares worth $30.9M.
  • State of Michigan Retirement System added most to NVIDIA in Q2 2023, an estimated $34.8M increase.
  • State of Michigan Retirement System's biggest Q2 2023 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $60.3M.
  • State of Michigan Retirement System fully exited Globant in Q2 2023, selling an estimated $33.7M.
  • State of Michigan Retirement System's ten largest holdings make up 34% of its $16.2B portfolio in Q2 2023.
  • State of Michigan Retirement System opened 22 new positions and closed 21 in Q2 2023.
  • State of Michigan Retirement System's portfolio value rose 6.5% quarter-over-quarter to $16.2B.

Based on State of Michigan Retirement System's 13F filing for Q2 2023, filed 26 Jul 2023.